Tom DeMark Calling Market Top Again

I posted in my real-time chat room several times that a crash pattern is in the making. I did not expect Mr. DeMark coming out with a market top call. From Bloomberg BusinessWeek,

http://www.businessweek.com/articles/2013-10-14/hedge-fund-chart-guru-tom-demark-sees-dark-days-ahead

One thing that stands out is that Mr. DeMark is in fact bullish on the market for one final push higher. This move is obviously an analog to 1929 style blowoff top as shown in the article.

My view is that there may not be such a rally coming because it has already happened in Nasdaq 100 and Russell 2000. In another words, the market has run out of time already. All it takes is an excuse now, like a natural disaster or mini crisis, to break the camel’s back.

I posted earlier this month on the subtle threat posted by US Treasury to the hedge fund community. It tells us that it is not a time to get too excited on the long side of the equity market beyond the next hour.

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